Saturday, May 1, 2010

Ramblings....

I know I know....I'm a terrible blogger! Its been almost a month since my last post....I would like to say I have a good excuse, but I don't really....I've been busy trying to study for my cfa exams and tidy up my love life. I am happy to announce that I have made progress on exactly NO FRONT! No I won't tell u about my love life but I can talk about the CFA though. Its an extremely punishing examination....I wrote the first level in 2008 and made it in one try...of course I felt like the best thing since the simpsons! Now I have been humbled...I am writing level 2 for the second time in about a month and I feel like I know even less than I did last year when I failed it and I might have studied harder this year. Only explanation is that my brain cells have gone cannibalistic and started feeding on each other!

Yeah I know it's an MBA blog, but I felt the need to rant....I'm up at three in the morning trying to figure out why option adjusted spreads derived from binomial models are best for valuing bonds with embedded options for crying out loud! I attended the QS world mba fair in lagos a couple of weeks ago....a few good schools were there, IMD, Insead, Iese, IE etc. I had a 30 minute informal chat with an alum from Iese who told me I had a good chance of entering the school (maybe she was afraid I'd kidnap her or something given the stories she had heard about Nigeria). It was a nice enough chat but it left me wondering, why would she be working for the school full time? She paid all that money for school only to be an mba recruiter? Don't get me wrong, I'm not saying its bad, I think its quite noble to do what u enjoy and stuff, but how the hell is she gonna pay off her bloody student loans? She also painted a pretty grim picture of the job market in spain (apparently, the unemployment rate is 20% over there now!) This whole thing just adds to my concerns about the Mba...is it worth the cash outlay? Can you get a big enough bump in pay after graduation to restart your life, get married (in my case....and its funny I should mention that when my love life is in shambles) and service student loans? Its all pretty confusing to be honest.

On a happier note, my very good friend had a very good kellog interview. I'm thrilled for her....we started dreaming about the mba at about the same time, in fact she sorta introduced me to it! She gets notified on the 19th of May and I do hope she gets in....finger's crossed.

I'm hungry! Where do I get food at 3am? Hmmm.....maybe I should apply to columbia....afterall, New York never sleeps!